PVA TePla jumps on solid annual results, 2023 outlook

Pva Tepla AG

28/02/2023 07:41

** Shares of PVA TePla  TPEG.DE  rise 9.5% in early
Frankfurt trade after the German industrial equipment maker
reported strong preliminary FY figures and 2023 outlook
    ** "Strong reporting and outlook push shares towards April
22 level," a local trader says
    ** The company posts a more than 30% jump in annual sales to
around 205 million euros ($216.95 million), while its EBITDA
increased 30% to around 30 million euros
    ** It expects consolidated sales of 240-260 million euros
and EBITDA of 36-40 million euros in 2023, based on its high
order intake and order backlog
    ** The stock is seen at the top of the German small-caps
index  .SDAXI 

($1 = 0.9449 euros)

 (Reporting by Anastasiia Kozlova)
 ((Anastasiia.Kozlova@thomsonreuters.com))